During the debate "Romania's agriculture, huge potential, how do we capitalize on it?", Organized by DCMedia Group, Mr. Călin RANGU, president of ISF and co-founder of CIO Council Romania, offered more information about drought insurance.
"International policies should be established. Microinsurance is a solution, especially in countries where the standard of living is quite low, where the population has incomes below $ 220 per capita. Specific products, microinsurance, need to be launched. You do not come with expensive financial products, with expensive insurance, with a lot of risks, so it is difficult for insurers to assess the potential risk.You come with small insurance of a few hundred euros as compensation, with costs, expenses for the farmer of a few euros.
These insurances are paid on your mobile phone, you don't even have a bureaucracy to reduce your expenses. It is paid with 1, 2, 3, 5 euros for an insurance. When a disaster occurs, the insurer identifies without moving to find the damage. Not all the damage is paid, but a small compensation of several hundred euros is given for that farmer or individual peasant to resume the activity ", said Călin Rangu, during the debate" Romania's agriculture, huge potential, how do we capitalize on it? ", Organized by DCMedia Group.
You can watch the whole article here: Drought insurance, Călin RANGU, ISF
